Microsoft’s shares shot to an all-time high in after-hours trading after the US technology company beat expectations with its latest results.
The company’s shares closed at $57.25 on Thursday, but rose six per cent to $60.63 in extended trading.
Microsoft’s share price has never topped $60 before, with its previous high, $59.97, recorded in December 1999.
Reporting its results yesterday, chief executive Satya Nadella said that the firm’s focus on the “intelligent cloud” side of the business is continuing to pay off.
We are helping to lead a profound digital transformation for customers, infusing intelligence across all of our platforms and experiences… We continue to innovate, grow engagement, and build our total addressable market.
The firm also said it expects to complete its $26.2bn takeover of LinkedIn in the second quarter of fiscal 2017.